AML & Financial Crime
JMLSG Guidance - Core Training Obligations
Relevant employees should be:
made aware of the risks of money laundering and terrorist financing, the relevant legislation, and their obligations under that legislation
made aware of the identity and responsibilities of the frim's nominated officer and MLRO
trained in the firm's procedures and in how to recognise and deal with potential money laundering or terrorist financing transactions or activity
staff training should be given at regular intervals, and details recorded
The MLRO is responsibe for oversight of the firm's compliance with its requirements in respect of staff training.
The relevant director or senior manager has overall responsibility for the establishment and maintenance of effective training arrangements.